Reference no: EM132513109

The following items were identified in the course of the bank reconciliation as at 30th june 2009.

1. The bank balance as per the cash book on that date was $56,250.

2. Bank charges of $52 has been entered twice in the cash book.

3. A cheque from a customer entered in the cash book as $24 had been correctly entered by the bank as $224.

4. A favourable balance at the bank of $25,200 has been carried forward from one folio of the cash book to the next as $52,200.

5. The bank has credited and debited the bank statement with an amount of $52, being daniel's cheque which is forwarded marked 'insufficient funds - return to drawyer'.

6. The debit side of the bank column in the cash book has added as $42,250 instead of $42,150.

7. $11,400 received from joseph a customer, by direct debit transfer is not accounted for in the cash book

8. $4,000 paid as insurance by direct debit is not accounted for in the cash book.

9. Deposits not cleared by this date were $12,250 and cheques yet to be presented $16,000.

Question 1: Starting with the debit balance of $56,250, bring the the cash book (bank column) up to date? and Bank Reconciliation statement?